Category: Finance

When you plan to buy a policy, especially a health cover, you need to be able to compare health insurance policies before finalizing one. This ensures that you get the right kind of cover with respect to your health and age. There is no one-size-fits-all approach to buying health insurance and hence, no “perfect healthcare policy”. You must be able to carefully look at what you need from your cover to be able to get the best possible for you and your family. Here are few parameters that can help you decide the best health insurance coverage for you.

What Should an Ideal Health Insurance Cover?

Every policyholder would have different demands from his/her healthcare policy which ideally increases with age. The IRDAI has clearly laid guidelines for the insurance companies to make the interpretation of policy terms easier and less ambiguous for the policy buyers. We have picked up few of the main parameters that you must check to compare health insurance policies.

#1. Hospitalization Expenses

You need to account for the pre and post hospitalization expenses that you may incur in case you get hospitalized for some specific medical condition. This would include and not restricted to the hospital accommodation, medicines, treatment, hospital cash, ambulance charge, etc. In case you have some pre-existing health condition, an ideal insurance policy would be able to cover you against such ailments with the lowest possible waiting period.

Normally, there would be sub-limits on the amount and specific conditions for which you would get hospitalization expenses. However, an ideal health insurance coverage would have lesser sub-limits. In case you require cover for some specific medical conditions, your policy should be covering that as well. Also check for additional features like organ donor expense, the allocation for day care procedures, alternative treatment expense, and domiciliary hospitalization benefits in your policy for added protection.

#2. Maternity Benefits

For those wanting to start a family, this parameter would definitely be a deciding factor while comparing health insurance policies. While most of the insurance cover maternity benefits only a few also provide health coverage to the newborn. Check for healthcare policies that cover the newborn automatically after its birth till the expiry of the policy year. Even though the presence of maternity benefit and the newborn baby cover is going to make your policy more expensive, it will definitely benefit you when you start your family.

Cashless Treatments and Hospital Cash

Certain policies cover you against daily hospitalization charges for a fixed period of days. Through this, you would get a fixed amount for a stipulated number of days of hospitalization. Also, an ideal insurance policy would be able to provide with cashless treatment facility across many hospitals in India. Some would also give you coverage against alternate treatment methods (Ayurveda, Unani, Allopathy, etc.).

Where to Look for the Best Health Insurance?

As the insurance market is flooded with options, it is practically impossible to check every insurance company personally. While there is no “perfect policy” that would fit everyone, here are some popular ones in the market

#1. Apollo Munich Optima Restore

This covers you against pre-hospitalization expenses for around 60 days before hospitalization and in-patient treatment for the duration of 24hrs or more. The policy covers around 144 types of daycare expenses along with domiciliary treatment expenses.

#2. Bajaj Allianz Health Guard Plan

While there are many innovative health care plans from Bajaj Allianz, we would concentrate on their Health Guard Plan. It offers pre and post hospitalization expenses not restricted to medicines, consultations, follow-ups, and tests pertaining to the ailment. The plan also has a lifelong renewability feature and offers cashless treatment facility across 4000 hospitals in India.

#3. ICICI Lombard Complete Health Insurance- iHealth

This health insurance policy gives you a premium of INR 10,643 for a sum insured of Rs. 10 lakhs. You would also get cashless hospitalization, free check-ups and look-up period of around 15 days. It also covers expenses due to day-care procedures.

#4. Religare Health Insurance- Care

This is a comprehensive package which covers you against many medical emergencies. It also covers you against hospitalization charges like room rent, ICU charges, ambulance expenses, day care procedures, medical follow-ups, pre and post hospitalization expenses. The best part is that there is no upper age limit for any health insurance plan from Religare.

#5. Cigna TTK Pro-Health Insurance Plus

This comes with a sum insured of around Rs. 4.5 lakhs and Rs. 10 lakhs and has lifelong renewability. The plan gives you critical illness cover along with maternity and newborn baby cover.

Bottom Line

You must never choose your health insurance plan based only on the premium amount and must check if it gives you the kind of health cover you and your family would need in the future. Coverfox.com would help you compare health insurance policies and select the best one based on your healthcare needs.

More often than not lay investors often approach topics such as stock portfolio management with fear and frustration in equal measure. If this sounds similar to what you are experiencing, then you are facing the usual blues that every investor faces often when their stock portfolio fails to perform as expected. Sure, you can review various HQ broker reviews and try out a different broker but the issue is not one of broker mismanagement but one of approach. Check out these tips when it comes to the best ways to manage stock portfolio

Hold fewer stocks: Chances are that you are currently holding way too many stocks and as a result you are not able to monitor performance and unable to take any corrective measures. So, the first thing that you need to do is to shed some shares and hold on to a select few that can form part of your best Investment portfolio.

Assess your risk: You need to determine your appetite for risk so that you can invest accordingly. Some of the shares may be considered too risky, so choose the ones that fit in with your risk profile.

Discipline: You need to develop better discipline and rebalance your stock portfolio in order to get return on your investments. Some shares may perform better than others while many do not perform better than expected,

Controlling costs: You need to control your costs when it comes to you stock portfolio; often you may have to shed a particular trait or two but it is important that you develop strong fiscal discipline, so that you can review and assess your performance over specific periods and take out the corrective measures being applied but in time you should be able to get your stocks to perform better thanks to the tips posted here.

If it were necessary to describe case management system, we would have to say that it’s a piece of computer software that transforms disorganized practices into organized ones. When running a firm, you need a database at your disposal. With products such as bpm’online and Microsoft Dynamics 365, it’s quite easy for you to take control of customer services and support teams. This means that if you’ve got an opportunity, you can take advantage of it. The BPM can’t manage all aspects of your company, which is why you need additional software. Maybe you already have a solution in mind. If this is the case, learn how to implement it.

Acquire knowledge about the case management system

Even before implementing a software solution, you’ve got to acquire knowledge about it. The more you understand about the strengths and limitations of the computer program, the better it will be for you and your employees. If you’re genuinely considering bpm’online case management software, look at this. The point is that you need to become informed regarding the software program that you’re on the verge of implementing. Get a good understanding of the perks and the drawbacks of using a tool especially designed for case management. The best thing you can do is draw up a list of possible programs and learn everything you can about them.

It would be great if the operating system had the following features:

Case management database

Manage service processes

Take control of analytics

Plan ahead for implementation

You can’t just implement a case management system. These things take time and it’s best if you plan ahead of time. You can take one step at a time, if you like. There’s nobody rushing you. What you need to understand at this point is that if the project fails, and it will if you don’t pay attention, you’ll lose valuable resources. Use the software program and see if it’s really necessary to make further adjustments. If changes, such as customizations, are to be made, it will be easier to implement.

Make sure you can use the program from the cloud

Many aren’t aware of the fact that most CRM solutions have a case management feature. But does a CRM solution play well with A BPM one? Of course, it does. The thing is that you have to ensure you can use the case management system from the cloud. There’s no reason why you should depend only on your server. What if the server stops working? Your employees should be able to access the solution from the cloud.

Do you know the real meaning of an installment loan? Though loans do share a common definition, installment loan or installment debt specifically refers to the loan with a set or scheduled payment over a given period. A lot of offered loans today are considered as installment loans from mortgages to auto loans.

Can you consider credit card as an installment loan?

Though credit cards commonly require a monthly minimum payment, it is not regarded as an installment debt or loan. An instance where a loan can be considered as an installment loan can be seen in this situation: If you borrow $1000 for an emergency car repair that should be paid within 24 months with an additional 25% interest, it is considered as an installment loan.

In this case, you can get your full loan of $1000 then pay it back in small chunks of $53.37 regularly within 24 months. Take note that skipping a month of payment will only mean that your next monthly payment will double up so, be a responsible loaner and make it a habit of paying on time or in advance.

If you notice that your credit score isn’t turning out great anymore and you are dwelling with such little options, perhaps it’s about time to change your style. Remember that your credit score reflects on your credit report and how great you are in handling your loans. You may not be able to change what you’ve done in your past to end up with a bad credit score, but you can work on your future credit score to improve it.

Compared with a payday loan which should be paid in a lump sum on your next payday, installment credit can last for a longer term with small chunks to make it less painful. Moreover, installment loan or installment debt requires a much lower interest rate compared with credit cards. So if you are going to ask, “Will an installment loan help my credit?” These are the top 3 ways where you can use your installment loan to build credit:

Diversifying Debt

When building your credit score, your credit report is being categorized into five categories to sort information. Two of the most influential groups that you should watch is your Payment History which eats up to 35% of your entire credit score and your Amounts Owed which eats up 30%.

10% of your credit score pie is taken up by your Credit Mix which pertains to the types of debt you owe such as installment loan, personal loan debt, credit card, auto debt, student debt, mortgage debt, and others. The more diverse your Credit Mix is, the better credit score you can earn.

Saving Money

Believe it or not, the best way to increase your credit score is to have less debt. This might sound like a joke but this is the truth so saving money helps a lot more than you can think of. Another thing that might surprise you is the fact that a great way to lessen your debt is to achieve lower interest rates. The lower interest rate you score on your loans, the less payment you will have to make in total. In other words, you’ll be able to get out of your debts faster.

Take note that since installment loans require smaller interest rates, applying for an installment debt with higher interest rates than your credit cards and other loans might not be worth it. The best way to save money is to consolidate your big debt into an affordable and worthy installment loan. But there is another way to help you keep money aside from scoring low-interest rate on your installment loan.

The trick is to aim for shorter loans which mean less cost. The longer you keep an outstanding loan, the longer you will pay the additional interest rate which is not a good idea.

Improving Payment History

As mentioned earlier, your Payment History covers 35% of your credit report. This only means that making it a habit to pay on time will automatically improve your credit score with installment loans. If you failed to improve this part of your credit score in the past, it’s about time you work it up to get reliable loans in the future.

The worst case for having a bad credit score is ending up with lenders who ignore making credit reports at all. This might favor some customers who don’t care about credit scores at all. But since you want your installment loan to build credit, creating an impressive Payment History is a must.

On the other hand, even if installment loans can save your credit scores, it can only give it a little boost. Because it tends to be more stable, its effect on your credit scores is quite modest.

According to Vantage Score, the best thing to handle your installment loan is to focus on how you are going to manage your payments instead of focusing on your actual balance. So instead of thinking about your current balance and counting it over and over, concentrate on making your monthly payments on time to build your credit score. Among the categories that make your credit score, the Payment History tends to be the most important.

With all this information, it is a fact that as you pay your installment debt regularly, your credit score should improve. And as your installment loan decrease over time, the more it will result in a better score. However, you must be aware as well of the fact that installment loans can take a year or more to be fully-paid especially if you are going to take a mortgage loan. Installment loans are amortizing your balance for a year or so to lessen your monthly payment.

But then again, you will eventually earn a high credit score over time if you are a responsible customer. Choose a reliable installment loan that is worth spending for an extended period to keep you motivated when it comes to payments.

In the event that you are in a business and need to use it or you need to get some property for business utilize, the reasonable approach to acquire cash for the intention is to select business financing and business credits. Business financing implies you are obtaining for putting resources into your business. You may obtain business back with the end goal of beginning another business or for exhausting the built up one. Business credits are generally taken for purchasing a property for its business utilize. For moment through business advances you can purchase an inn, bar, wellbeing focus, shop and so forth. Through business credits you can pay for crude materials or you can purchase office furniture et cetera.

Generally lower financing cost is the fundamental worry of each businessman when he takes an advance. The lower financing cost on business financing and business credits is ensured when you have swore your important property, for example, home or your business or a business property as security. On securing the property as guarantee, moneylenders doubtlessly offer a lower loan cost on secured business financing and business advances. Notwithstanding one ought to note that the estimation of home generally increments as time goes by while estimation of a business property or business may diminish. So loan fee likewise relies on upon the sort of property put as insurance. Another preferred standpoint of secured business financing and business advances is that you can benefit more noteworthy measure of advance according to your prerequisites. Likewise the credit sum can be reimbursed in bigger length, permitting paying back the advance in simple portions.

Nonetheless, in the event that you require littler sum, you can decide on unsecured business financing and business credits that are endorsed without security. Yet, you ought to have a decent record of loan repayment and must have sound wage from business or business property. Moneylender will affirm littler credit at a higher financing cost and the advance should must be returned in shorter term.

In both secured and unsecured business financing and business advances, you are required to create records identified with your business and business interests. So keep every one of the records prepared before applying to a loan specialist. Awful credit specialists likewise are qualified for applying on the off chance that they fulfill the bank about opportune return of the advance through a persuading reimbursement arrange.

Business needs finances for its smooth working. Reserves convey same significance as blood in our veins. At the end of the day, it is truly hard to envision a business without assets. Generally, money related market has number of sources that give fund to business. Be that as it may, the best source among them is business financing and business advances.

Business Financing and Commercial Loans can be benefited through banks, money related organizations or from different building social orders. Because of this neck throat rivalry, the borrower can get intensely ease for Business Financing and Commercial Loans.

Business Financing and Commercial Loans can be utilized as a part of taking after ways:

o To begin another business or,

o Investing in existing business or,

o Buying hardware and supplies for business or,

o Consolidating business obligations and so forth.

Business Financing and Commercial Loans can be profited in two ways that is by setting guarantee and without putting insurance. Both are great in their own specific manner. Along these lines, the borrower can pick any of the route according to his budgetary position and accommodation.

Loan costs in business financing and business credits differ from borrower to borrower. The bank decides the rate of enthusiasm by considering certain elements. A portion of the components are as per the following:

o Rates winning in the market

o Flow of business

o Type of business

o Amount being acquired

o Credit value

o money related status

The borrower is prescribed to apply for business financing and business credits through online mode. Online mode disentangles the errand as it is simply an issue of minutes to find, contrast and apply with the moneylender.

Taking after are a portion of the focuses which the borrower is proposed to consider:

o He should attempt to manage an approved and surely understood bank.

o Timely reimbursements of credit must be made.

o A sum must be obtained by considering the reimbursing capacity.

o Comparison and research is suggested as it aides in getting the best advance arrangement.